Tag Archives: GREXIT

Jul 9 2021

Soros is NOT Targeting the Dollar


Armstrong Economics Blog/Corruption Re-Posted Jul 9, 2021 by Martin Armstrong

QUESTION: I believe there is a guy on YouTube ripping you off and claiming Soros is now targeting the dollar which he will destroy just as he did to the pound. Is Soros even capable of that? You said he was just the lead guy on that for the club. Care to comment?

DH

ANSWER: Anyone claiming Soros is now targeting the dollar is absolute garbage. The entire pound issue was that it was a FIXED rate in the European Rate Mechanism. It was a cheap play. If you were wrong, you lost nothing because it was a fixed exchange rate. Soros would NEVER go against a floating currency. He would be wiped off the face of the Earth. This is total nonsense. If this is their sales pitch to buy Bitcoin or something, they could face 20 years in jail. It is totally FALSE advertising — PERIOD!

Jul 9 2021

When Inflation is really Deflation


Armstrong Economics Blog/Interest Rates Re-Posted Jul 9, 2021 by Martin Armstrong

QUESTION: Why is the Fed doing so much Reverse Repo? Do you think it will hit $2 trillion?

JE

ANSWER: I understand that people seem to be talking up the reverse repo activity as doom and gloom. The Federal Reserve has been raising interest rates and boosted the return to fight inflation. The reverse repo facility takes in cash primarily from money-market funds, as well as government-sponsored companies and banks. This facility offered a return of zero percent to eligible users previously, and then the Fed moved it up to 0.05%, while at the same time lifting another rate, called the interest on excess reserves rate to 0.15% from 0.10%. The Fed is actually competing against the US Treasury in taking in cash, which is diverting it from government debt.

What the Fed does not understand because it is beyond their control are the international capital flows. Raising rates to fight domestic inflation is attracting capital from Europe, where banks are charged negative interest rates if they have excess cash. They open a branch in the USA and then send the excess cash to the state, and then they put it at the Fed. In this manner, the Fed has no idea how much money they are actually attracting globally.

I helped the Japanese lower their trade surplus by simply buying gold in New York, taking delivery, shipping it to London, and then selling it and starting all over again constantly. The trade statistics only measure dollars — not goods. You can buy a hot dog and have it delivered in London, and that too would reduce the trade surplus. It’s all a numbers game, and those in government have no ability to figure out the real world.

The statistics they created with Bretton Woods were all based on the currency which was fixed. So if you created more dollars, that was inflationary. But in a floating exchange rate system, if you create 10% more dollars but the dollar declines by 20%, guess what? It ain’t inflation but deflation!

People’s thinking has been compromised by the very way the government sets up everything. We would allocate trade at our firm according to the flag the company flew. That showed the US never had a trade deficit. It eas US companies setting up offshore and importing their own goods. I testified before Congress on all of this in 1996. So much for trade wars of misguided ideas of the world we live in.

The Fed is raising rates trying to soak up excess cash in the system BECAUSE that cash is not going into long-term bonds. Instead, we see even mortgage rates have declined under 2% because capital is shifting from PUBLIC to PRIVATE. Major capital has been turning to the mortgage market for there they have collateral wherewith government debt they have nothing but a political promise.

Yes, there will be others now claiming this is their idea. But unless you actually made the trades and really consulted with governments to solve problems, you will never come up with the answer without experience. Thank you to all the people who point out those who plagiarize what I write like clockwork. All I can say is that reveals people who are just not trustworthy. So, let’s see how long it takes others to claim they thought this up in the shower.

Jul 9 2021

Resistance is NOT Futile – I told you So!


Armstrong Economics Blog/BRITAIN Re-Posted Jul 8, 2021 by Martin Armstrong

In ancient Rome, the people had NO POWER at the ballot box. Nonetheless, the Emperors were forced to deal with the people because the MOB could always storm the palace, drag the emperor out, and mount his head on a spike to be paraded around the streets – which they did many times. Power at the top is NEVER absolute.

RESISTANCE IS NOT FUTILE 

History warns these would-be dictators will fail. They will be remembered for their inhumanity and their tyranny. I STRONGLY urge those in the media had better switch sides. History warns it could still be your head on a spike! History repeats because the passion of humans never changes!

Jul 8 2021

EU exempting Private Jets from Climate Taxes


Armstrong Economics Blog/Climate Re- Posted Jul 8, 2021 by Martin Armstrong

The EU is exempting private jets from Global Warming taxation. Since the elite all have private jets, they certainly can’t possibly restrict themselves. They are the ones the world desperately needs. There were 309 private jets that flew to Davos in 2019. While Schwab says we all must walk to work which is from our bedroom to another room in the house and cannot drive to work, they all can fly private jets to attend his global fest. It is just so hypocritical. Schwab, on the other hand, makes sure he is never photographed how he arrives in Singapore or other places.

Schwab has been accused of using the pandemic to usher in a new era where the global elite retains total control over humanity. Exempting private jets seem to be merely a confirmation of that theory is not so far off the mark. John Kerry, our Climate Czar, flies around in his private jet. He can’t possibly be seen flying with the Great Unwashed or have to take his shoes off, be searched, or have to wear two masks. Then the government pays for him to use his own private jet.

Jul 8 2021

The Nightmare of the EU


Armstrong Economics Blog/European Union Re-Posted Jul 7, 2021 by Martin Armstrong

QUESTION: Hello martin
I read your blog about the madness going on in Spain and you said this is what will happen in Europe. I am in Scotland and as far as I know the UK has left Europe. But is this true? I believe that we are still tied to Europe. Do you think that what is going on will hit here. I have read that Scotland is also a testing ground just like Spain. I hope not but have a gut feeling this may be the case.
You referred that under new laws they could take your property away. What if the property is in a private trust? Would the laws allow this? Seems things are becoming pretty lawless.
Thank you
All the best
maria

Blog/European Union

Posted Jul 7, 2021 by Martin Armstrong

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QUESTION: Hello martin
I read your blog about the madness going on in Spain and you said this is what will happen in Europe. I am in Scotland and as far as I know the UK has left Europe. But is this true? I believe that we are still tied to Europe. Do you think that what is going on will hit here. I have read that Scotland is also a testing ground just like Spain. I hope not but have a gut feeling this may be the case.
You referred that under new laws they could take your property away. What if the property is in a private trust? Would the laws allow this? Seems things are becoming pretty lawless.
Thank you
All the best
mariaVideo Player00:1900:44

ANSWER: I seriously doubt that Johnson would ever be able to pull this one off in the UK. There is rising resistance building against the EU and many are starting to see that the greatest danger is by no means Russia, COVID, or Martians. The greatest threat remains right there in Brussels – the EU is now driven by Klaus Schwab.

At the WEF, Schwab has a ZERO ERROR policy. He will not suffer mistakes from his employees. He is a perfectionist and is deliberately creating havoc and then using that to claim he is right. I know they have manipulated the Black Lives Matter to create civil unrest and then they twist to say they are creating civil unrest because they want Schwab’s “EQUALITY” which is the code-word for nobody will own anything.

Then you must understand that the reason they claim Marxism failed before was that they only had Russia and China. In their mind, if they have the entire world, then communism will work. This is void of human rights and it is totalitarianism.

Boris has had to back off because Resistance is not Futile. They will do more than chasing BBC journalists on the street. He was going to try a lockdown into the sping of 2022. I think they will be storming #10 and dragging Boris out just for sport if he really thinks he will get away with that. They might hang him, but I don’t think they would behead him as in the old days.

The EU is firmly in the hands of Schwab. He can claim the rising civil unrest is because they want EQUALITY rather than it is because of his EQUALITY, but I really think someone is going to figure out the place to storm is the WEF in Switzerland – not Brussels. That is the head of the snake. The rest of Europe dances to his song.

Jul 6 2021

Spain Revealing the Totalitarian Future for All


Armstrong Economics Blog/Uncategorized Re-Posted Jul 6, 2021 by Martin Armstrong

Spain is just putting it all out there. There is new legislation that effectively allows the total end of democracy and All freedom in Spain and this is just the beginning. Any person of legal age will be obliged to carry out the “personal benefits” required by the government, following the guidelines of the National Security Council, whenever the government declares a state of crisis for any reason whatsoever including health. Spain is declaring that all citizens are really slaves of the state without human rights. There is to be no exception and everyone MUST comply with the orders and instructions issued by the government. This new National Security Law stated:

In the event that a state of crisis is declared in Spain (‘situation of interest to National Security’ is the name given by law), the authorities may also proceed to the temporary requisition of all types of property, at the intervention or provisional occupation of those that are necessary or the suspension of all kinds of activities.

In the event that a state of crisis is declared in Spain (“situation of interest to National Security” is the name given by law), the authorities may also proceed to the temporary seizure of all types of property, at the intervention or provisional occupation of those that are necessary or the suspension of all kinds of activities. That is so vague it will allow the government to seize all your bank accounts and even your home – PERIOD! Those who suffer financial damages due to the seizure of their property or the interruption of their activity will have the right to be compensated. In its first drafts, the law excludes the payment of compensation to those who are obliged to make a personal benefit.  Therefore, any crisis they declare which can be health, environmental, economic, or financial nature, will be covered as well as an invasion from Mars.

However, this new duty to surrender all property does not stop with individuals. This ALSO applies to companies and legal entities to collaborate with the authorities to overcome whatever crisis they in their sole discretion determine. This introduces yet another new risk to owning any Spanish stocks. The politicians have cleverly found justification for eliminating human rights is contained in article 30 of the Constitution, according to which “Spaniards have the duty and right to defend Spain.”

On top of that, the government can also create mandatory military service which had been suspended in Spain back in 2001. They are referring to the 4th section, according to which, “by law, the duties of citizens may be regulated in cases of serious risk, catastrophe or public calamity .” This constitutional provision has remained until now inactive. The drafting of this legislation was deliberate toexclude it from any “organic law” which is the only one that can affect fundamental rights. The crisis is to be declared by the head of state – not the courts.

The obligation of the media

The new legislation also addresses the media. This draft includes the obligation of the media to collaborate with the competent authorities in the dissemination of information of a preventive or operational nature. In other words, it terminates the freedom of the press. The press will be compelled to put out only the government view.

This is what is coming down for all of Europe.

Jul 3 2021

White House Brags July 4th Groceries Cheaper This Year, We Will Save 16 Cents on Our Cookouts


Posted originally o the conservative tree house on July 2, 2021 | Sundance | 479 Comments

This is not a spoof.   This is an actual broadcast from the White House Twitter account.  Apparently the Biden administration has hired the same public relations firm used by North Korea to manage their messaging:

Yes comrades, pay no attention to the actual receipts you receive from the local grocery store. Please ignore massive price increases in food you might be experiencing at the supermarket.  These things are simply illusions.  Despite the official inflation records on food pricing provided by the U.S. government, Bureau of Labor and Statistics [SEE HERE, Table 7], according to those who control the oval office our food is actually cheaper this year.

Comrades, we must appreciate the efforts of the Democrat People’s Republic of Krazy (DPRK) and congratulate the Biden administration for achieving a record-breaking new level of absurdity in the distribution of propaganda.  Smiles everyone, smiles…. you saved 16 cents.

On a serious note, this extreme level of gaslighting only highlights how the White House must be very concerned about what is about to happen to them in the next election cycle.  Even the most devout leftists are calling out the Biden administration in response to this tweet.  [Go Look At The Comments]

Even Baghdad Blitzer cannot pull this con off….

Jul 1 2021

2 Million People Protest in London


Armstrong Economics Blog/Civil Unrest Re-Posted Jul 1, 2021 by Martin Armstrong

The two days of protests in London have been impressive to show that resistance is not futile with at least 1 million people per day (some estimates were 2 million), the interesting aspect b behind the curtain is that the Boris Johnson government does not “give a shit” according to sources. Unfortunately, the UK, Canada, Australia, and New Zealand are really on board with trying to destroy the economy and to move the economy into a controlled state for the future. The talk of using the variants as the excuse to lock people down into the Spring of 2022 continues to circulate. The general belief is that they can prevail by destroying enough of the economy thereby forcing a greater proportion of the people to rely upon the government for their guaranteed basic income and the government will thereby end borrowing and will be able to simply terminate their national debts.

Jun 29 2021

Rarest Roman Coin of All Time


Armstrong Economics Blog/Collectibles Re-Posted Jun 29, 2021 by Martin Armstrong

QUESTION: Marty; What is the rarest Roman coin? I figure nobody really knows that answer better than you.

PH

ANSWER: There are there major coins of which only one exists in private hands. They are the champion of all Roman coins – Saturninus. There is one other in existence, and that is in the Louvre. Then there is a gold coin of Leontius, the Isaurian Usurper (484-488 AD). Only four coins exist, but three are in museums.

The third rarest coin of which only one is known is that of a denarius with the portrait of Caracalla on one side and Plautilla on the other. Caracalla was a deranged and hateful emperor. As soon as his father died, he had a brother who killed him while in his mother’s arms. He then had portraits of Geta removed.

Plautilla was the daughter of the powerful Praetorian Prefect Plautianus, a close friend of Septimus Severus. Plautilla was married to Caracalla in 202 AD against his will. Caracalla literally hated his wife and vowed to have her killed when he became emperor, a promise which he would most certainly keep. In 205 AD, Caracalla first had to remove her father on the grounds of treason, which Caracalla arranged.

Caracalla then sent Plautilla to be banished to the Lipari Islands. Later, Plautilla was murdered on the orders of Caracalla in 212 AD during the purge which followed the murder of his brother Geta.

We can see surviving portraits of his family where he erased the image of his brother. Likewise, his hatred for Plautilla was so renowned that the extreme rarity of this lone surviving coin stands as a testament to Caracalla was also eradicating existing coins that show him with his most hated wife.

Therefore, while individual coins of Plautilla are fairly common, Caracalla appears to have recalled those showing him with his wife on the same coin. Other dynastic coin issues showed his brother was not recalled with as much fervor. Even the coinage of Geta is also fairly common. The number of individual coins of Geta and Plautilla most likely made such a recall impossible.

Therefore, each of these coins is unique. However, that does not mean they are of equal value. The Plautilla issue is probably worth $50,000 to $100,000. The Leontius aureus would bring probably $500,000 to $1 million. The Saturninus is far more important for this is the coin that changed history. Academic declared the book Historia Augusta was a fraud because it listed over 20 emperors during the short span of the early years of the 3rd century, which they never heard of. When the two gold coins of Saturninus were discovered in a dig in Egypt, that proved that Historica Augusta was real.

This coin today would most likely bring even $5 million. If ancient coins reach the level of American, then we should be looking at $18.8 million for this coin by comparison to the 1933 $20 gold coin, which is also unique.

Jun 28 2021

Protestors Block the Nova Scotia-New Brunswick Border


Armstrong Economics Blog/Canada Re-Posted Jun 28, 2021 by Martin Armstrong

Civil unrest is rising in Canada due to Trudeau’s tyranny. Transit between the border of Nova Scotia and New Brunswick was closed for nearly a day after the Nova Scotia government announced that those traveling from New Brunswick would be forced to self-quarantine upon arrival. The decision was announced only a day after Novia Scotia’s government agreed to open borders with P.E.I. and Newfoundland and Labrador with no quarantine or testing requirements. “Families have been split apart for months and months and months and looking for that to finally come to an end today. And then at the last minute, the 11th hour, having that dashed? Extremely, extremely disappointing,” one protestor said, pointing out the harm that the border closure to New Brunswick has caused.

Protestors even blocked a truck from entering with what was believed to be COVID-19 vaccines. In a video circling the internet, you can see protestors standing in front of the truck and demanding to know if it is carrying experimental COVID vaccines. The people are livid. Eyes are beginning to open as people realize how much control the government has over their lives, wielding the power to change the rules at any time. You can only push the people so far before they begin to fight back. “If the government can state we can’t do these things against our Charter of Rights, we are going in protest to say, ‘No, it’s not acceptable.’ You can’t keep hanging a carrot in front of all of your people and then yanking the carrot away. You can’t keep giving false promises. Lie after lie,” another protestor demanded. This is all in line with our computer’s forecast – the people no longer trust their governments.